InnQuest

SEPTEMBER 5, 2023

It involves tracking and controlling inventory in real-time, making informed decisions on pricing, room allocation and availability, and ensuring that the right resources are available at the right time. Effective management ensures that rooms are allocated efficiently and priced competitively. Maintenance and scheduling are crucial.

Guest Satisfaction 218

Guest Satisfaction Maintenance Pricing Book 218

Modern Restaurant Management

JUNE 21, 2023

When introducing new menu items to a menu category, they must be priced at the average profit from that menu category + the recipe cost of goods sold (COGS), and then rounded off to the next half dollar. Round up to the next half dollar and the menu price should be set at $12.50 to ensure you haven’t compromised profitability.

Maintenance 180

Maintenance POS Systems Pricing Presentation 180

Les Roches

JULY 8, 2024

This includes food, beverages, linens, toiletries and other items and means coordinating with suppliers to achieve timely delivery and quality standards. In hospitality, inventory and supply chain management involves handling, getting, storing and distributing the goods needed for operating hotels, restaurants and other venues.

Procurement 52

Procurement Maintenance Housekeeping Hospitality Management 52

Hotel Business

AUGUST 11, 2023

Inflation and the cost of food/beverage are the highest I have seen over the last year. Paying folks higher wages from the farm or field producer to the table is also pushing prices higher. Still, sometimes an issue is supply chain and disruption that may cause a menu or simply getting new China or glass in a timely manner.

Maintenance 52

Maintenance Catering Pricing Budgeting 52

Hotel Owner

OCTOBER 12, 2022

Almost all of our hotels are still on fixed price energy contracts, which were put in place prior to the dramatic increases we saw earlier this year, which has meant they have been protected for now. Ultimately, we see the cost-of-living crisis as an impact on the P&L through numerous costs inflating – be that food, beverage, linen etc.,

Marketing 105

Marketing Procurement Housekeeping Facility Management 105

7 Shifts

JULY 20, 2024

Components of a restaurant’s financial report The food and beverage sales report, prime costs report, inventory report, profit and loss (P&L) statement, and cash flow statement are all critical components of a restaurant's financial management. This way, you can decide whether you need to raise your prices or not.

Scheduling 88

Scheduling Pricing Budgeting Information 88

7 Shifts

MAY 23, 2024

Restaurant expense #1: food cost Your restaurant's food cost comprises 3 elements: the food cost percentage, the cost of ingredients, and the sales or revenue from selling your dishes. Solutions can include preparing for possible changes in pricing, staffing, customer trends, and new technology.

Budgeting 88

Budgeting Bookkeeping Accounting Scheduling 88